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Court bail payment limit via eJamin is now RM500,000 –Pertama Digital


Court bail payment limit via eJamin is now RM500,000 –Pertama Digital
15 Apr 2021 / 15:47 H.
KUALA LUMPUR: The transfer limit for digital payment of court bails via the eJamin application has been increased to RM500,000 from RM30,000.
The application’s operator Pertama Digital Bhd in a statement today said online bank transfers by individuals for court bails were previously capped at RM30,000 for each transaction in accordance with the Standard B2C Financial Process Exchange (FPX) limit of Payments Network Malaysia Sdn Bhd (PayNet).
“With the support of court officers throughout the country, eJamin has reduced the bail process from half a day to mere minutes, enabling bail payment via smartphones and web browsers. This limit has now been increased to RM500,000,” it said in a statement today. ....

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Wise seeks organic expansion in Malaysia, not pursuing digital bank licence


UK-based financial technology (fintech) group TransferWise, which changed its name to Wise last week under a global rebranding, is seeking organic expansion in Malaysia.
The group, whose name change comes ahead of an expected listing in London later this year, has been operating its online money transfer business in Malaysia since November 2019. In a bid to bolster its presence and growth, it recently appointed a country manager for Malaysia.
“Mergers and acquisitions are not our priority,” Lim Paik Wan, the newly appointed country manager for Wise Malaysia, tells The Edge when asked if the group planned to expand via M&A. ....

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